Virtu Financial today announced the appointments of Brett Fairclough and Joseph Molluso as co-presidents and co-chief operating officers. Molluso re-joins Virtu after a brief period away from the company.
Fairclough was promoted to COO and global head of business development at Virtu in September 2019. He has been with the firm since 2007, leading the Asia Pacific operations between 2014-2019 and was the chief compliance officer of Virtu’s broker-dealer subsidiaries from 2012-2014.
“Since assuming his expanded role last year, Brett has excelled in applying his market knowledge and expertise in driving results at Virtu,” says Douglas Cifu, CEO.
Molluso rejoins Virtu from Capitolis, which he joined last year as CFO. Prior to this, he served as Virtu’s CFO from 2013 until October 2019, during which time the firm says he played a key role in Virtu’s IPO, as well as the successful acquisitions and integrations of KCG Holdings and Investment Technology Group (ITG).
“We are very pleased Joe is rejoining Virtu. His significant knowledge of Virtu from his many successful years at the company will allow him to have an immediate impact in his expanded role. Joe will join Brett as co-president and co-COO, Steve Cavoli our global head of execution services, and the management team as we work to continue growing our businesses,” says Cifu.
Cavoli, Fairclough and Molluso report directly to Cifu.